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Want More Innovation? Up Your Diversity and Inclusion Game

February 16, 2017 | No Comments »
More on: Economic Indicators & Forecasting, Innovation

To achieve true digital transformation, organizations need to be open and inclusive to tap knowledge and ideas that reside both internally and externally in other companies and institutions. Partnerships, especially nontraditional ones, and collaboration are the basic elements of successful innovation.

In its report Inclusion + Innovation: Leveraging Diversity of Thought to Generate Business Growth, The Conference Board found that the most innovative companies in its survey—those with a self-reported track record of continual organization-wide innovation—were more than twice as likely to describe their company as highly inclusive as those with sporadic innovation in some business units. The findings also show that consistently innovative companies are significantly more likely than inconsistent innovators to be extremely effective at encouraging external innovation networks.

Exhibit-17

 

This blog post is the fourth of four installments in the series, The Future of Digital Transformation and Innovation. Want more insight into how successful companies are embracing digital transformation? Discover the very latest research and advice from experts and leaders in the new report, Beyond Technology: Building a New Organizational Culture to Succeed in an Era of Digital Transformation.

 


What Young Workers Want—5 Expectations in the Digital Age

February 8, 2017 | No Comments »
More on: Economic Indicators & Forecasting

Making any big organization-wide change is challenging and bringing digital transformation to a company or institution is no exception. Knowing your employees helps when asking them to make changes, which is why understanding millennials and their expectations is critical.

Research from The Conference Board shows these five factors are high on the list for job seeking millennials:

  • Most of today’s workforce belongs to an aware, mobile, and highly connected generation, and expectations are high.
  • Prospective employees and incumbents want a consumer-grade experience.
  • People who work remotely want to easily stay connected to their organizations.
  • They want social collaboration in addition to working teams and affinity groups.
  • They want to do work the way they want to and where they want to.

Source: The Conference Board, Innovation Webcast Series, Innovation & Employee Engagement in the Digital Workspace, April 2016.

This blog post is part three of a four-part series, The Future of Digital Transformation and Innovation. Join us next week to find out why diversity and inclusion are so critical to innovation.

Download the full report, Beyond Technology: Building a New Organizational Culture to Succeed in an Era of Digital Transformation. You can also download keynote summaries from the unConference to learn more about transforming your organization, and find invaluable research and insight from The Conference Board.


What Makes a Leader Highly Engaging in the Digital Age?

February 1, 2017 | No Comments »
More on: Economic Indicators & Forecasting

If digital transformation is a top priority for your organization in 2017, you may be overlooking a critical factor to success: engagement. Because digital transformation within an organization requires systemic, enterprise-wide change, everyone at every level—from the mail room to the C-Suite—needs to feel motivated and empowered to make that change.

Research by The Conference Board shows that in highly engaged organizations, leaders at all levels are able to foster a strong sense of purpose, pride, passion, and personal fit in their workforce. For example, they provide a sense of meaning and direction (purpose) by developing a compelling vision and communicate that vision in a way that others can see and want to follow. They foster pride by setting high standards and empowering employees, inspire passion by challenging the status quo and encouraging innovation, and unlock each individual’s potential (personal fit) by driving development and growth.

Leaders who create such a richly engaging environment share 12 specific behaviors, which are the core elements of their leadership DNA.

Figure-4-12-Critical-Behaviors-CM-DT02 (2)

https://www.conference-board.org/dna-engagement/

Learn how to foster engagement in your workforce: Download The DNA of Engagement report by The Conference Board .

This blog post is part two of a four-part series, The Future of Digital Transformation and Innovation. Join us next week to find out what young workers are looking for in the workplace.

For more on what digital transformation means for your business, download the report, Beyond Technology: Building a New Organizational Culture to Succeed in an Era of Digital Transformation. You can also download keynote summaries from the unConference to learn more about transforming your organization, and find invaluable research and insight from The Conference Board.


Is Your Organization Ready? 5 questions you should be asking about digital transformation

January 27, 2017 | No Comments »
More on: Economic Indicators & Forecasting

Digital transformation requires asking some hard questions about an organization’s basic operating assumptions, business models, available talent and skills, and organizational culture. Here are five questions to help kick start what is often a complicated conversation.

1. Does our organization have a digital strategy that goes beyond implementing technologies?
2. Do our leaders have the digital vision, knowledge, and skills to lead digital transformation? Can they communicate the vision, business case, and operational changes to the workforce?
3. What are the organizational capabilities we will need to execute our digital strategy? Do we have the expertise and processes to determine the best way to build those capabilities, e.g., using talent, technology, or a combination of both; crowdsourcing; or using ecosystem partners?
4. Does our current organizational culture support the elements of digital transformation such as collaboration across internal and external boundaries, agility, risk taking, etc.?
5. Do we have the talent needed, where we need it?

This blog post is part one of a four-part series, The Future of Digital Transformation and Innovation. Join us next week to discover the 12 behaviors of highly engaging leaders. Do your leaders have them? Do you?

How the Digital Transformation Will Transform Everything

An blog chart

Download the full report and articles from The Future of Digital Transformation and Innovation UnConference to learn how to make your transformation effective, discover why this transformation is more consequential than the industrial revolution, and get more research and insight about digital transformation from The Conference Board.


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